PYMNTS

NOVEMBER 14, 2017

The U.S.’s first new payment and clearing system in more than 40 years is up and running. At 4:59:40 p.m. on Monday, $3.50 was moved between accounts at two different banks (there was only one customer with two bank accounts) via RTP, the name for a new “Real-Time Payments” system set up by The Clearing House. All in all, the transfer took three seconds — as opposed to the hours or days more typically associated with an ACH transfer.

New York 77

New York B2B Start-ups Government 77

Katz,Sapper&Miller

NOVEMBER 13, 2017

At the recently held “Indianapolis State of the Market” event, a trio of developers and the state’s economic development leader participated in a panel discussion with KSM’s Josh Malarsky on metro Indy’s assets, opportunities, and challenges.

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PYMNTS

NOVEMBER 17, 2017

American Express is the latest financial company to become a member of RippleNet, the blockchain network operated by Ripple that provides real-time, business-to-business (B2B) global payments. On its website , Ripple said American Express joins Credit Agricole, Airwallex and Cuallix, among others. According to Ripple, American Express FX International Payments will partner with Santander U.K. to create a transaction channel between the U.S. and U.K. for the first time.

B2B 72

B2B Legal Technology 72

PYMNTS

NOVEMBER 14, 2017

A new report by business banking market research and analysis firm East & Partners suggests corporations aren’t opposed to changing banks as a direct result of new FinTech solutions businesses want to use. Researchers announced East & Partners’ new report, “Financial Technology and the Corporate,” on Monday (Nov. 13). In a survey of corporate treasurers and CFOs at top corporations around the globe, 13 percent said they had already partially or totally switched their financia

Retail 71

Retail Technology B2B 71

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PYMNTS

NOVEMBER 15, 2017

Wells Fargo Advisors and the Securities and Exchange Commission (SEC) reached a settlement this week resolving charges that the bank dropped the ball in reporting suspect activities pertaining to money laundering for several years. According to a MarketWatch report published Tuesday (Nov. 14), though broker-dealers are required to file suspicious activity reports (SARs) to the U.S.

Sales 62

Sales Account accountant accounted 62

PYMNTS

NOVEMBER 15, 2017

Fashion retailer Forever 21 revealed that it has suffered a data breach at some of its stores. According to news from Fortune , customer payment card information was compromised at certain point of sale devices in stores when the encryption on those devices was not operating. The company, which operates more than 815 stores in 57 countries, did not say which specific locations were affected.

Retail 60

Retail Start-ups Sales 60

PYMNTS

NOVEMBER 15, 2017

Every day the world hears about another blockchain project in the works or another distributed ledger technology consortium forming. What it doesn’t hear, though, is that most of those initiatives will go defunct only a few months after launching. Just last week, Deloitte found that in 2016 alone, nearly 27,000 new blockchain projects surfaced on the market.

Technology 52

Technology accounting and finance Finance Government 52

PYMNTS

NOVEMBER 16, 2017

No one knows what the future holds. In life, certainly, but especially in technology — and especially in payments technology. From wampum to pieces of eight to greenbacks to mobile devices and NFC, the conduits and ways we pay are constantly evolving. No one holds the crystal ball that reveals which form factors will fit the wants and needs of consumers and merchants, but the trend veers toward openness, where versatility reigns and where any number of apps will work with any number of hardware

Manufacturing 51

Manufacturing accounting and finance Gaming Retail 51

PYMNTS

NOVEMBER 16, 2017

Google has announced an array of new Assistant features for app developers, including new push notifications, daily updates and additional language support. According to the news release, the added features are designed “to make it easier for users to find, interact and re-engage with your app.”. Assistant now allows for speaker-to-phone transfer, a new API that makes it possible to start an action on a Google Home speaker and complete it on the phone.

Start-ups 51

Start-ups 51

PYMNTS

NOVEMBER 16, 2017

Corporates may be aware that greater disruption from innovative technologies is coming, but that doesn’t mean they’re necessarily ready for it. A new report from the Association for Financial Professionals (AFP) found that only about a tenth of surveyed corporate treasurers are prepared for emerging technologies like blockchain and machine learning to disrupt the enterprise.

Technology 51

Technology Finance B2B 51

Speaker: James Kahler, COO of Full Course

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PYMNTS

NOVEMBER 16, 2017

This month, Amaryllis , a tech startup building modular solutions for payment facilitators and merchant acquirers, has closed a significant round of financing, made two strategic hires, connected directly with industry professionals to answer questions and comments on the startup’s first CEO chat and made an impression at a major payments conference.

Finance 49

Finance 49

PYMNTS

NOVEMBER 13, 2017

Alibaba Group Holding, the Chinese eCommerce giant, saw gross merchandise volume of $25.3 billion for this year’s Singles Day Global Shopping Festival, up 39 percent from a year ago. What’s more, 90 percent of the total gross merchandise volume for the 24-hour shopping event was settled through the company’s mobile payment unit, Alipay. In a press release , the Chinese online retailer said that in 2016, 82 percent of gross merchandise volume was settled through Alipay, underscoring Chinese consu

Sales 49

Sales Retail 49

PYMNTS

NOVEMBER 15, 2017

Aiming to boost its reputation after a fake account scandal last year, Wells Fargo announced Tuesday (Nov. 14) the launch of a new overdraft feature that will reduce the hit to customers. The embattled bank said the new feature, dubbed Overdraft Rewind, will automatically reverse overdraft fees assessed on customers’ accounts. In a press release , the national bank noted that the feature will kick in if an overdraft fee hits the day before a direct pay deposit is scheduled to show up in the acco

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Account accountant accounted 47

PYMNTS

NOVEMBER 13, 2017

The bitcoin market has taken a 25 percent tumble over the last few days after briefly touching an all-time high price of $7,900 per unit of bitcoin. A missed software upgrade, uncertainty over the launch of bitcoin futures and concerns about an asset bubble were all weights against the digital currency’s price — which fell to below $6,000 over the weekend.

Maine 47

Maine 47

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

Technology

PYMNTS

NOVEMBER 16, 2017

If you thought Jim and Pam on “The Office” took forever to get together, you’ve clearly never followed the decades-long mating dance between the world’s two largest toy companies, Hasbro and Mattel — one, the owner of My Little Pony, Nerf, Mr. Potato Head and nearly all things Disney; the other, parent of Fisher-Price, Barbie, Hot Wheels and (once upon a time) nearly all things Disney, before losing the license to Hasbro in 2016.

Retail 46

Retail Sales Account accountant 46

PYMNTS

NOVEMBER 15, 2017

A new survey from alternative lender Reliant Funding found only 12 percent of surveyed small businesses (SMBs) have actually used alternative finance. The company released the results Tuesday (Nov. 14) and found, more often than not, small businesses aren’t using alternative lending sources. While 49 percent of SMBs said they were familiar with alternative finance, they said they haven’t worked with an alternative finance provider; meanwhile, 39 percent said they haven’t heard of alternative fin

Finance 46

Finance Technology B2B 46

PYMNTS

NOVEMBER 14, 2017

Brick-and-mortar retailer of arts and crafts supplies, A.C. Moore, is making a big push into digital. A.C. Moore’s parent firm, Nicole Crafts LLC, has revealed news of its acquisition of Blitsy. An eCommerce player, Bitsy sells arts and crafts retail products online. Nicole Crafts has also secured a “exclusive partnership” as part of a major investment in handcraft marketplace Zibbet.

Retail 46

Retail E-commerce 46

PYMNTS

NOVEMBER 16, 2017

In what small business (SMB) owners are calling a “disaster,” post office workers on the archipelago nation of The Bahamas are striking, causing major hiccups for local SMBs’ cash flow management and shedding light on the importance of electronic invoicing and payments. According to news from Tribune 242 , employees at the post office headquarters on The Bahamas are protesting over what they claim are poor working conditions.

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B2B Account accountant accounted 46

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Technology

PYMNTS

NOVEMBER 14, 2017

B2B payments are powerful, but so are mounting debts. Innovative technology is making it increasingly easy for companies and individuals to exchange money for goods and services, but rising debts and other negative factors are making the risks of not getting paid for those same items a little too real. Today in PYMNTS’ data, rising healthcare costs and medical insurance deductibles are leaving consumers with hefty unpaid bills; billions of unbanked people (with payments-enabled smartphone device

Healthcare 46

Healthcare B2B Technology Account 46

PYMNTS

NOVEMBER 16, 2017

The thing about visionaries is they can sometimes be all about the vision and not so much about the stepping stones that will get them there. That was the case for former Touch of Modern COO Jonathan Wu : When he co-founded the company five years ago, he didn’t know how complicated international sourcing and payments would be. The eCommerce merchant sells apparel, accessories, furniture, electronics and other products aimed at the urban male.

Technology 46

Technology Tax Start-ups Retail 46

PYMNTS

NOVEMBER 17, 2017

Think of banking and you might think of lending and deposits, where firms make money on the spread between what they pay savers and what they take in from borrowers. But banks cannot live on interest alone. Additional financial products and services must round out traditional banking activities. And yet, sometimes community banks, opt to stick to their lending knitting, forfeiting the potential to earn non-interest revenue and cementing their ties with both individual and corporate customers.

Non-Profits 46

Non-Profits accounting and finance Finance Technology 46

PYMNTS

NOVEMBER 16, 2017

Visa, the payments company, announced Wednesday (Nov. 15) that it is enabling bank-to-bank test transactions with a handful of partners, including Commerce Bank in the U.S., Shinhan Bank in South Korea, Union Bank of the Philippines and United Overseas Bank in Singapore. In a press release, Visa said it will test bank-to-bank transactions with more partners as it prepares for a commercial launch of Visa B2B Connect , which will give banks a fast, secure way to process cross-border B2B payments.

B2B 45

B2B Government Technology 45

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Technology

PYMNTS

NOVEMBER 13, 2017

Smart homes can make a lot of consumers feel dumb. Simply asking Alexa to turn up the music or turn down the heat sounds easy, but the prospect of setting it all up can be daunting, especially when customers may not be sure what to expect from the final experience and whether that is what they really want for their homes. However, that hasn’t put a damper on consumers’ interest.

Technology 45

Technology Washington New York Retail 45

PYMNTS

NOVEMBER 15, 2017

The year 2020 looms large in the payments realm, marked off by the Federal Reserve as the year faster payments are to be truly commonplace, available to U.S. consumers and to businesses, standard practice across transactions of all sizes. The goal is an ambitious one, to be sure, one that needs collaboration between sometime competitors in the banking and FinTech arenas.

Education 44

Education Retail 44

PYMNTS

NOVEMBER 14, 2017

Lingerie retail has become a stunningly competitive world online. True & Co., Negative Underwear, ThirdLove and Brayola are just a few of the brands out there promising customers a better fit, a better feel and a better experience buying underwear. But Adore Me , which launched in 2014, set its sights on a much more challenging goal: disrupting the lingerie empire built by L Brands’ Victoria’s Secret.

Technology 44

Technology Retail Sales E-commerce 44

PYMNTS

NOVEMBER 15, 2017

Blackhawk Network , a global financial technology company, announced that it has expanded its partnership with eBay to provide the online marketplace with end-to-end business-to-business (B2B) gift card services. Blackhawk’s strength in gift card solutions – along with its recent acquisition of CashStar , a leading provider of merchant solutions for gift card eCommerce – positions the company to assist eBay in accelerating its growth in the B2B gift card space, as well as further entering the lo

B2B 43

B2B Technology Account accountant 43

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PYMNTS

NOVEMBER 14, 2017

The wait is over: Google has finally introduced a feature to help hungry searchers find out not only when a restaurant is likely to be busy, but how busy it actually is at the exact moment they’re searching and how long they would have to wait for a table. According to news from TechCrunch , the retail feature is serving up real-time data on nearly 1 million sit-down restaurants worldwide, building on data the search engine giant already gathers from its Google Maps’ install base to fuel its Pop

New York 43

New York Retail business accounting Account 43

PYMNTS

NOVEMBER 15, 2017

The traditional financial services market is notorious for being slow to adopt new technologies, and sluggish upgrades to internal IT systems are a trend very much included in that reputation. But as the industry evolves, and as market pressure from innovative FinTechs weighs down, financial services providers are embracing the cloud in a big way. Research from Intel Security released earlier this year found that enterprises across verticals have tripled their hybrid cloud adoption in the last

Government 43

Government Start-ups Technology Finance 43

PYMNTS

NOVEMBER 14, 2017

Opus Bank announced news of a new chief financial officer on Monday (Nov. 13). The financial institution (FI) said Nicole M. Carrillo, Opus’ current executive vice president and CFO, has resigned effective Nov. 9. Kevin L. Thompson is coming on board as Opus’ new EVP and CFO and will join its executive committee as well. Thompson is coming to the bank from Midland States Bancorp, where he was EVP and CFO as well.

Healthcare 43

Healthcare public accounting Technology Account 43

PYMNTS

NOVEMBER 17, 2017

Sizzle. Singles’ Day is for Lovers (of Global eCommerce) : The record set last year for Alibaba’s Singles’ Day gets crushed with this year’s $25 billion in transactions (1.4 billion of them). That the tally is up 39 percent year over year is nothing to sneeze at. But the larger sizzle here is eCommerce, truly transacted across borders, stretching through the U.S., Australia and Germany.

Retail 43

Retail Sales Legal Maine 43

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Finance